The Governance of the Corporation

Ever wondered how a CEO can spend $7 million on air travel and why some corporations unravel while their executives keep receiving hundreds of millions of dollars in compensation? Are objective performance metrics and monetary incentives helping or hurting? Or, if we worship free markets, why do we need large hierarchical organizations in which things are done only through administrative authority? All these issues are discussed in The Governance of the Corporation. This book provides a complete coverage of current corporate governance issues from a very holistic perspective and is intended for economists, academics, policymakers, journalists, and all those who enjoy reading about this subject. While in some instances the discussion of certain topics require a modicum of technical language, the narrative used here is not intended as a typical academic work. This is chiefly an attempt at popularizing a fascinating topic in corporate finance and economics, while maintaining a decent level of rigorousness.
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